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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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AUD/USD approaching support, potential bounce!

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Price is approaching its support at 0.6891 where it could bounce back to its resistance.

Entry: 0.6891

Why it's good : 76.4% Fibonacci retracement, 100% Fibonacci extension

Stop Loss : 0.6834

Why it's good : horizontal swing low support

Take Profit : 0.6914

Why it's good: 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance

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The material has been provided by InstaForex Company - www.instaforex.com